As volatility creeps into Taitron Components Incorporated (NASDAQ:TAIT), investors need to pay close attention to to the factors affecting stock today as its shares are trading 8.49% or 0.31 points down from last closing price of $3.65, reaching $3.34 at last check. The TAIT share price has dropped in 1 of the last 5 days and is up 62.22% over the past week. It will be exciting to see whether the stock manages to continue decreasing or take a minor break for the next few days. The move came on weak volume too with far less shares changing hands than in a normal session. Trading activity as of this writing weakened by -30,188 shares, and in total 156112 shares valued at $521414 were seen changing hands compared with 186300 shares valued at $679995 recorded at the previous session. You should take into consideration that a falling volume on lower prices shows the bearish trend but this is an early indication which means that the TAIT stock is near its bottom.
Taitron Components Incorporated (TAIT) shares have notched a 3-month gain of about 62.22%, but has still advanced 110.98% year to date. By comparison, the stock added 117.26% over the past 12 months, while it slipped -28.43% over the 1 month. The company’s market cap is around $22.19M, with its short interest ratio standing at 0.66%.
In the current trading session for TAIT, the stock witnessed two major price actions, it rose to a high of $3.77 and was down as much as $3.26 at one point. The high recorded is very low when compared to their 52-week high which is $1.48. The 52-week high is now at -55.03 distance from current price. Their recent low of $7.65 represents a 132.43% recovery. This data is quite important for investors who look to benefit from the recent rise of the company’s stock. Taking a look at the overall sentimental views of financial analysts, the trading pattern of this stock recently is very clear.
The stock of Taitron Components Incorporated earned $0.26 per share in the trailing 12 months and has a P/E ratio of 12.85. You can compare it with that of similar companies in its industry to get a sense of whether the stock you’re looking to purchase is overvalued or undervalued. Its current price to earnings ratio is lower than the ones recorded by the industry which is 37.68 and lower compared to the sector’s average of 980.64. When the P/E ratio is low let’s say below 1.0, then the stock price is considered a good value. TAIT also has P/S multiple of 2.54. This is greater versus the 12 month P/S ratios of other companies in the same indutry. The peer average price to sales ratio is 2.31x.
The company recorded an interesting insider sale transaction by the Director on Jun 22, 2018. A Securities and Exchanges Commission filings show that Craig Miller sold a total of 5,000 TAIT shares that day for a sum of around $8,550. The filings show that the insider now retains 10,000 shares, currently worth $33,400. Taitron Components Incorporated (TAIT) insiders have acquired no shares in the stock within the past three months. The total insider sales reported to the SEC in that time frame amounted to shares. In total, individual insiders traded no shares in the business, which makes up 0% of 96,100 shares that were traded over a year. In the past 12 months, insiders have purchased 75,600 shares while the seller parted with 20,500 shares.
TAIT‘s last price was up 42.21% as compared to the average trading price of 50 days recorded at $2.35 while enlarging the period to 200 trading days, the average closing price was $3.7. At present, there are 6.08 million in the total number of common shares owned by the public and among those 3.03 million shares have been available to trade. The percentage of shares being held by the company management was 18.1% while institutions stake was 14%. The company has generated positive returns on equity over the last 12 months (12.2%). It managed to keep its gross profit margin at 45.9% over the past 12 months.
When assessing the full upside of the TAIT stock, there is another set of technicals that should be looked into and considered. Its 7.23% gain from moving average of $3.11 has brought about a positive sentiment when calculated over the last 20 days. The market has allocated a beta of 1.6 to the stock. With the beta been greater than one, this implies that the company shares are theoretically more volatile than the market, something that the traders definitely are keeping an eye on.
In the last five years, the EPS of the company has been roughly 28%. Though the percentage looks encouraging, extra headwinds are emerging as looking out over a next 5-year period, with analysts estimating that their earnings will decrease annually by 0%. The revenue of the company has risen at an average annualized rate of about 5.6 over the last five years. The company recently recorded a drop of -17.6%, but this figure is rather unattractive.
Let’s briefly check the hedge fund interest towards TAIT stock. Morgan Stanley added position in the company after it grew 38% or 15,047 shares of its common stock. The hedge fund now owns 20,765 shares worth $69,355, SEC documents show. Renaissance Technologies LLC shored up assets in the stock as 137925.1 shares have been purchased, increasing its stake by 9.4% to 150,890 shares which are currently valued at $503,973. In addition, Nordea Investment Management AB recently reported that it now owns 31,000 shares making a total of $103,540 based on the recent price. This refelects a change of 50% in their ownership.